OJ Medtech, portfolio company of Upstream Capital, is pleased to announce the acquisition of Long Island City-based Home Medical Specialties, Inc. ("HMS"). HMS (www.homemedic.com) distributes durable medical equipment and home medical supplies to patients in the New York City area.
It is OJ Medtech's first acquisition. Existing mezzanine lender to OJ Medtech - Spring Capital Partners (www.springcap.com) - provided the acquisition financing.